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Business

Twitter owner Elon Musk. PHOTO/Nairobi News
Technology

xAI raises Sh2.581 trillion in series E, valuation tops Sh25.8 trillion

xAI is rapidly scaling its computing infrastructure, a critical factor for developing advanced AI models.The company is expanding its data centre presence in Memphis, with a third facility planned. Once completed, the combined power capacity is expected to approach two gigawatts, making xAI one of the world’s largest consumers of AI-focused computing power.

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Leaders from Kenya’s North Eastern region, led by Farah Maalim addressing the Media in the Parliament Buildings. Nairobi on January 6, 2026, PHOTO/David Bogonko Nyokang’i
News

North Eastern leaders slam Gachagua's remarks targeting Somali-owned businesses

North Eastern MPs in Kenya have condemned former Deputy President Rigathi Gachagua’s remarks on Somali-owned businesses, calling them ethnic profiling that fuels Somaliphobia and threatens national unity.

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Kenya’s public assets total Sh4.965 trillion, land leads in value
Business

Kenya’s public assets total Sh4.965 trillion, land leads in value

State Corporations reported assets worth Sh4.945 trillion, representing almost all of the total, while State Departments recorded Sh15.884 billion and Constitutional Commissions Sh3.811 billion. The figures do not include national security bodies, such as the Kenya Defence Forces, National Intelligence Service, National Police Service, and National Prisons Service.

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Sh2.17 trillion donor projects under scrutiny over funding gaps and local value
Business

Sh2.17 trillion donor projects under scrutiny over funding gaps and local value

CS Mbadi highlighted that the government has been holding discussions with donors through the Deputy President’s office while reviewing the full project pipeline to determine which initiatives might lack real value. The review also addresses the problem of counterpart funding, which can attract high fees, adding unnecessary costs to taxpayers.

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